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S&P Global Ratings: risk of default in Russia is high

... ones in response. At present, the rating in both foreign and national currencies has been downgraded to CCC-. The agency attributed the sharp drop in the rating to Russia's special operation in Ukraine and subsequent sanctions, including against the Central Bank. According to S&P, in the coming weeks, the Russian rating may again show a decrease, RBC reports . The current situation also increases the risk of default in the country, as mentioned by the agency. The credit rating is designed to demonstrate the state's ability to repay its loan obligations....

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